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Lesson 1 - Introduction & History of Taxation and VAT - Coggle Diagram
Lesson 1 - Introduction & History of Taxation and VAT
Why do we pay tax
Build infrastructure
Provide goods and services
Fund social and economic programs
Who should pay tax in SA
residence basis
Non-resident: source deemed to be from SA
Resident: Worldwide income
Who decides how much tax we should pay?
Government: National Treasury
Who collects tax
South African Revenue Service (SARS)
Different types of taxes levied by Government
Fuel levy
Estate duty
Excise duties
Donations tax
Customs and duties
Transfer duty
Value added tax
Other taxes and duties
air passenger tax
payments to UIF
Skills development levy
Income (normal) tax
Kinds of taxpayers
Companies
Small business corporation
Trusts
Partnership
Natural persons
Tax courts
Tax court
high court
Tax board
Supreme court of Appeal
Constitutional court
Tax
Direct
Charged on persons
Refer to:
Kinds of taxpayers
Indirect
charged on transactions
VAT
ACT
Scope
Implications
Definitions
History
Nudity Lady Godova
Violence
Taxes charged in war
Medieval times
England
Roman Empire
Greece
America
Egypt
South Africa
Adam Smith - 4 Basic Maxims
Tax must be certain
Levied on time that is convenient
Contribute in proportion to ability
As little as possible levied